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50 Dollars Canal Bank
| Issuer | New Orleans Canal & Banking Company |
|---|---|
| Year | 1841-1895 |
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| Composition | Log in to see details |
| Size | 189 × 79 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | CANAL BANK The New Orleans Canal & Banking Comp.y Will pay Fifty Dollars to the bearer on demand. New Orleans _____ 18__ _____ Cash.r _____ Pres.t |
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| Reverse lettering | CANAL BANK NEW-ORLEANS |
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| Comments |
The New Orleans Canal & Banking Company was chartered in 1831 primarily to finance the New Orleans Canal — a commercial waterway connecting the city's back basin to Lake Pontchartrain. Banking was almost an afterthought in the original mandate. By the 1840s, however, the institution had become a reasonably sound commercial bank, one of the few Louisiana banks to weather the 1837 panic without permanent suspension.
Rawdon, Wright, Hatch & Edson were among the most technically accomplished bank note engravers working in antebellum America, later absorbed into the American Bank Note Company in 1858 — which tightly brackets the printing window for notes bearing their imprint.